M&A / Property

Coeur Mining completes acquisition of New Gold

By The Northwire Desk — AI Analysis Mar 20, 2026 · 12:40 CDE · 24.99 Coeur Mining, Inc.

CDE · Price

Coeur Mining Inc. has officially completed its acquisition of New Gold Inc., acquiring all outstanding common shares of New Gold.
The transaction involved an exchange ratio of 0.4959 Coeur shares for each New Gold share, resulting in the issuance of approximately 392.7 million new Coeur shares.
Coeur shares began trading on the Toronto Stock Exchange under the symbol CDE on March 16, 2026, with further details on consolidated guidance and operational updates to be released on March 23, 2026.

Transaction Structure: Coeur acquired 100% of the outstanding common shares of New Gold Inc.
Exchange Ratio: New Gold shareholders received 0.4959 shares of Coeur common stock for each New Gold common share held.
Share Issuance: Coeur issued approximately 392,682,578 new shares as part of the transaction.
Post-Transaction Share Count: The total number of Coeur shares outstanding post-transaction is approximately 1,034,524,520.
Trading Update: Coeur's shares commenced trading on the Toronto Stock Exchange under the symbol CDE, effective Monday, March 16, 2026.
Future Updates: Coeur plans to provide additional information on March 23, 2026, including:
- Consolidated 2026 guidance.
- Year-end 2025 reserve and resource updates for the New Afton and Rainy River operations.
- Updates on the company's return of capital priorities.
Advisers:
- Financial Advisers: BMO Capital Markets and RBC Capital Markets.
- Legal Advisers: Goodmans LLP and Gibson, Dunn & Crutcher LLP.

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